SAN FRANCISCO – APRIL 3: People work on setting up computers for Flashmob 1, the first flashmob supercomputer April 3, 2004 at the University of San Francisco in San Francisco, California. Hundreds of computer enthusiasts connected hundreds of computers via high-speed LAN to work together as a single supercomputer in hopes to place in the […]
Credit: Justin Sullivan
Two super-duper computing firms are to become one as Cray today announced that it has agreed to purchase Appro International, a privately-held developer of ‘scalable supercomputing solutions’, for approximately $25 million in cash.
The acquisition price assumes at least a $3.5 million net working capital balance at closing, sans debt.
Headquartered in Silicon Valley and currently the #3 provider on the Top100 supercomputer list, according to the release, Appro has builds advanced high-performance computing (HPC) cluster systems.
The company was founded in the early 1990s.
Notably, Intel acquired Cray’s high-performance computing interconnect program back in April 2012.
Comments Peter Ungaro, president and CEO of Cray:
“Appro is one of the market leaders in HPC cluster solutions, and this acquisition is another step forward as we continue to transform Cray into a company that provides world-class offerings to customers across all segments of the supercomputing market, including Big Data.”
Upon closing of the deal, Appro will become Cray’s newly-formed “Cluster Solutions” business, led by Daniel Kim, current CEO of Appro. Cray will sell Appro’s HPC cluster products under its own brand.
Approximately 90 Appro employees will join Nasdaq-listed Cray as a result of the acquisition.
In other but related news, Cray also announced financial results for the third quarter ended September 30, 2012, earlier today.
The company booked a net loss of $5.2 million on revenue of $35.7 million for the quarter.
Image credit: Justin Sullivan / Getty Images
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